Duff & Phelps Utilities Income Inc Stock Forecast
Evaluation of Duff & Phelps Utilities Income Inc stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Duff & Phelps Utilities Income Inc stock price fell by -0.684% on the last day (Tuesday, 30th Apr 2024) from $8.77 to $8.71. During the last trading day the stock fluctuated 0.690% from a day low at $8.70 to a day high of $8.76. The price has risen in 6 of the last 10 days and is up by 0.11% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -53 thousand shares and in total, 435 thousand shares were bought and sold for approximately $3.79 million.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $8.72 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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DNP Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.115%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Duff & Phelps Utilities Income Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $8.81 and $8.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Duff & Phelps Utilities Income Inc stock
Duff & Phelps Utilities Income Inc finds support from accumulated volume at $8.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0600 between high and low, or 0.690%. For the last week the stock has had daily average volatility of 0.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DNP) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Duff & Phelps Utilities Income Inc to open at $8.72, and during the day (based on 14 day Average True Range), to move between $8.62 and $8.80, which gives a possible trading interval of +/-$0.0900 (+/-1.03%) up or down from last closing price. If Duff & Phelps Utilities Income Inc takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.70 (0.11%) than the resistance at $8.78 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Duff & Phelps Utilities Income Inc stock A Buy?
Duff & Phelps Utilities Income Inc holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.400 Sell Candidate Downgraded
Predicted Opening Price for Duff & Phelps Utilities Income Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $8.72 ( 0.153%) | $8.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.78 | 0.84 % | |
| R2 | 8.76 | 0.579 % | ||
| R1 | 8.75 | 0.416 % | ||
| Current price: | 8.71 | |||
| Support | S1 | 8.70 | -0.110 % | |
| S2 | 8.69 | -0.273 % | ||
| S3 | 8.66 | -0.536 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.98 | 3.10 % | |
| R2 | 8.84 | 1.49 % | ||
| R1 | 8.78 | 0.80 % | ||
| Current price | 8.71 | |||
| Support | S1 | 8.70 | -0.115% | |
| S2 | 8.67 | -0.459% | ||
| S3 | 8.65 | -0.689% |
DNP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 10, 2024 | $0.0650 | 0.746% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 10, 2024 | $0.0650 | 0.746% |
| 3 | Mar 15, 2024 | Apr 29, 2024 | May 10, 2024 | $0.0650 | 0.746% |
| 4 | Dec 14, 2023 | Mar 27, 2024 | Apr 10, 2024 | $0.0650 | 0.724% |
| 5 | Dec 14, 2023 | Feb 28, 2024 | Mar 11, 2024 | $0.0650 | 0.715% |
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